RealEstateRama

FORDYCE, ARKANSAS - June 18, 2013 - (RealEstateRama) -- Joyce King lost her job in 2009 as the recession left an indelible mark on her town and the nation. After a local plant closed down, Ms. King was forced to look for new opportunities in the small town of less than 5,000 people where work options were limited. Back and knee injuries affected Ms. King’s ability to find new employment. Now she lives on disability, but her income isn’t enough to cover major home repairs such as the ones her house needed

WASHINGTON, D.C. - June 17, 2013 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) priced its sixth Multifamily DUS® REMIC in 2013 totaling $1.02 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program on June 12, 2013.

WASHINGTON, D.C. - June 17, 2013 - (RealEstateRama) -- Ramsey Alwin, Senior Director of Economic Security at the National Council on Aging (NCOA), will testify tomorrow before a Senate subcommittee with oversight of the Home Equity Conversion Mortgage (HECM), the federal reverse mortgage program for seniors

San Antonio, TX - June 17, 2013 - (RealEstateRama) -- San Antonio-based Admiral Capital Real Estate Group today announced a joint venture with northern California-based South Bay Development Company to recapitalize and renovate 4500 Great America Parkway, an approximately 75,000 square foot office building prominently located in Santa Clara, California. The investment will afford Admiral an opportunity to recapitalize a well-located building in the reinvigorated Silicon Valley office market and add value through renovation and re-leasing.

NATCHEZ, MISSISSIPPI - June 17, 2013 - (RealEstateRama) -- When a tree fell on the back of her home, Emma Lucille Larry knew she needed help.

WASHINGTON, DC - June 17, 2013 - (RealEstateRama) -- More than 2.7 million checks, totaling more than $2.4 billion, related to the Independent Foreclosure Review (IFR) Payment Agreement have been cashed or deposited through June 13, 2013

WASHINGTON, D.C. - June 14, 2013 - (RealEstateRama) -- Twenty-nine Michigan counties will receive a total of more than $4.1 million from the Interior Department as part of the Payments in Lieu of Taxes (PILT) program, Sens. Carl Levin and Debbie Staben...

Boston - June 14, 2013 - (RealEstateRama) -- Culminating Commonwealth Housing Week and continuing the Patrick Administration’s commitment to improving housing infrastructure to support growth and opportunity throughout the state, the Department of Housing and Community Development today announced $25.8 million in affordable housing resources and tax credits for nine developments in seven communities. In all, the nine projects across Massachusetts will create 694 units of housing and an estimated 600 construction jobs

La Jolla, CA. - June 13, 2013 - (RealEstateRama) -- Bay Area home prices continued to rise in May, the result of an improving economy, low mortgage rates, pent-up demand and continued investor interest. Sales remained below average, mainly because the supply of homes for sale remains unusually tight, a real estate information service reported.

COLUMBUS - June 13, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) announced the recipients of the 2013 Housing Tax Credit (HTC) program to fund the construction, acquisition and rehabilitation of affordable housing units in Ohio. A ...

WASHINGTON, D.C. - June 13, 2013 - (RealEstateRama) -- In a vote of confidence for HUD and the HECM program, the U.S. House of Representatives on Wednesday passed the Reverse Mortgage Stabilization Act of 2013 (H.R. 2167) by unanimous consent.

Columbus, OH - June 13, 2013 - (RealEstateRama) -- As the potential for severe weather increases, Nationwide Insurance wants to remind those living in the Midwest to take a few precautionary measures to protect their home and personal belongings from damaging wind and heavy rain

WASHINGTON, D.C. - June 13, 2013 - (RealEstateRama) -- The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) rose by 1.5% in the first quarter of 2013 to 155.0, its highest level since Q1 2009. The RMMI, which analyzes trends in the home values, home equity and mortgage debt of homeowners 62 and older, is updated quarterly and tracks back to the start of 2000

Washington, D.C. - June 13, 2013 - (RealEstateRama) -- The House Judiciary Committee today approved legislation by voice vote that prohibits state and local governments that receive federal economic development funds from using eminent domain to transfer private property from one private owner to another for the purpose of economic development, the Private Property Rights Protection Act (H.R. 1944). This legislation is in response to the 2005 Supreme Court decision in the case of Kelo v. City of New London, which gives local governments broad authority to seize private property under the guise of economic development just to generate tax revenue. The Private Property Rights Protection Act passed the House of Representatives in the 109th and 112th Congresses

Washington, DC - June 12, 2013 - (RealEstateRama) -- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled ““Beyond GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.”

WALTHAM, MA - June 12, 2013 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that more homes were put under agreement in the month of May than in any month since January 2004 when MAR began tracking this data. Cond...

WASHINGTON, D.C. - June 12, 2013 - (RealEstateRama) -- Approximately 9,000 homeless veterans living on the streets and in the nation’s shelter system will soon find a permanent place to call home. U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and U.S. Department of Veterans Affairs (VA) Secretary Eric K. Shinseki announced that HUD will provide $60 million to local public housing agencies across the country to offer permanent supportive housing to homeless veterans, many of whom are living with chronic disabling conditions

La Jolla, CA - June 11, 2013 - (RealEstateRama) -- Southern California home sales held at a seven-year high last month thanks to a stronger economy, pent-up demand, low mortgage rates and the widening perception that a home is a good investment. Prices continued to regain lost territory as buyers competed for a thin supply of homes for sale and poured a record amount of cash into the housing market, a real estate information service reported

Washington, DC - June 11, 2013 - (RealEstateRama) -- The Community Development Financial Institutions Fund (CDFI Fund) is proud to announce a Capacity Building Initiative training series designed to support Community Development Financial Institutions (CDFIs) that are also Minority Depository Institutions (MDIs), and MDIs working toward becoming certified as CDFIs. Deloitte Financial Advisory Services will provide the Preserving and Expanding CDFI Minority Depository Institutions training series with the support of relevant industry subject matter experts

CHICAGO, IL - June 11, 2013 - (RealEstateRama) -- The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advised homeowners to use discretion when deciding which home improvement projects to take on, saying that not all renovations positively impact property values.